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PRA.TO vs. XUS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRA.TO vs. XUS.TO

Last updated Jun 4, 2026

PRA.TO (Purpose Diversified Real Asset Fund) and XUS.TO (iShares Core S&P 500 Index ETF) are both exchange-traded funds - PRA.TO is a fund fund, while XUS.TO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PRA.TO returned 10.80%/yr vs 15.98%/yr for XUS.TO. At a 0.20 correlation, their price movements are largely independent.

Performance

PRA.TO vs. XUS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Purpose Diversified Real Asset Fund (PRA.TO) and iShares Core S&P 500 Index ETF (XUS.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PRA.TO achieves a 24.32% return, which is significantly higher than XUS.TO's 12.21% return. Over the past 10 years, PRA.TO has underperformed XUS.TO with an annualized return of 10.80%, while XUS.TO has yielded a comparatively higher 15.98% annualized return.

PRA.TO

1D
0.37%
1M
0.83%
YTD
24.32%
6M
24.16%
1Y
42.26%
3Y*
19.55%
5Y*
15.00%
10Y*
10.80%

XUS.TO

1D
-0.31%
1M
7.22%
YTD
12.21%
6M
10.39%
1Y
29.30%
3Y*
23.52%
5Y*
16.78%
10Y*
15.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRA.TO vs. XUS.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PRA.TO
Purpose Diversified Real Asset Fund		24.32%18.21%8.78%2.07%15.88%23.55%5.06%14.16%-7.41%3.51%
XUS.TO
iShares Core S&P 500 Index ETF		12.21%12.19%35.16%23.31%-12.59%27.20%15.56%24.57%3.31%13.56%

Correlation

The correlation between PRA.TO and XUS.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2013

0.20

PRA.TO vs. XUS.TO - Sectors Allocation Comparison

Sectors
PRA.TO
XUS.TO

Basic Materials

35.8%
1.8%

Energy

20.4%
3.5%

Utilities

16.7%
2.3%

Real Estate

15.4%
1.9%

Consumer Defensive

10.8%
4.9%

Industrials

1.0%
8.1%

Communication Services

-

10.9%

Consumer Cyclical

-

10.1%

Financial Services

-

11.9%

Healthcare

-

8.4%

Technology

-

36.2%

Basic Materials

PRA.TO
35.8%
XUS.TO
1.8%

Energy

PRA.TO
20.4%
XUS.TO
3.5%

Utilities

PRA.TO
16.7%
XUS.TO
2.3%

Real Estate

PRA.TO
15.4%
XUS.TO
1.9%

Consumer Defensive

PRA.TO
10.8%
XUS.TO
4.9%

Industrials

PRA.TO
1.0%
XUS.TO
8.1%

Communication Services

PRA.TO

-

XUS.TO
10.9%

Consumer Cyclical

PRA.TO

-

XUS.TO
10.1%

Financial Services

PRA.TO

-

XUS.TO
11.9%

Healthcare

PRA.TO

-

XUS.TO
8.4%

Technology

PRA.TO

-

XUS.TO
36.2%

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Purpose Diversified Real Asset Fund

iShares Core S&P 500 Index ETF

Often compared with PRA.TO:
PRA.TO vs. XBAL.TOPRA.TO vs. CMDYPRA.TO vs. XEQT.TOPRA.TO vs. PFMN.TOPRA.TO vs. VDY.TOPRA.TO vs. XIC.TOPRA.TO vs. PMM.TO
Often compared with XUS.TO:
XUS.TO vs. XSP.TOXUS.TO vs. XEQT.TOXUS.TO vs. XUU.TOXUS.TO vs. ZSP.TOXUS.TO vs. VOOXUS.TO vs. XEF.TOXUS.TO vs. HXS.TO

Return for Risk

PRA.TO vs. XUS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRA.TO
PRA.TO Risk / Return Rank: 9494
Overall Rank
PRA.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PRA.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
PRA.TO Omega Ratio Rank: 9191
Omega Ratio Rank
PRA.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
PRA.TO Martin Ratio Rank: 9696
Martin Ratio Rank
XUS.TO
XUS.TO Risk / Return Rank: 7373
Overall Rank
XUS.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XUS.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
XUS.TO Omega Ratio Rank: 7777
Omega Ratio Rank
XUS.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
XUS.TO Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRA.TO vs. XUS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Purpose Diversified Real Asset Fund (PRA.TO) and iShares Core S&P 500 Index ETF (XUS.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

PRA.TOXUS.TODifference
Sharpe ratioReturn per unit of total volatility
3.43
2.55

+0.88

Sortino ratioReturn per unit of downside risk
4.58
3.47

+1.11

Omega ratioGain probability vs. loss probability

1.61

1.47

+0.14

Calmar ratioReturn relative to maximum drawdown

13.02

3.41

+9.60

Martin ratioReturn relative to average drawdown

36.59

12.94

+23.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRA.TO vs. XUS.TO - Sharpe Ratio Comparison

The current PRA.TO Sharpe Ratio is 3.43, which is higher than the XUS.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of PRA.TO and XUS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PRA.TOXUS.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.43

2.55

+0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

1.13

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.98

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

1.08

-0.53

Drawdowns

PRA.TO vs. XUS.TO - Drawdown Comparison

The maximum PRA.TO drawdown since its inception was -34.43%, which is greater than XUS.TO's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for PRA.TO and XUS.TO.

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Drawdown Indicators

PRA.TOXUS.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.43%

-27.23%

-7.20%

Max Drawdown (1Y)

Largest decline over 1 year

-3.26%

-8.63%

+5.37%

Max Drawdown (3Y)

Largest decline over 3 years

-13.47%

-18.96%

+5.49%

Max Drawdown (5Y)

Largest decline over 5 years

-19.37%

-21.85%

+2.48%

Max Drawdown (10Y)

Largest decline over 10 years

-32.26%

-27.23%

-5.03%

Current Drawdown

Current decline from peak

-1.78%

-0.31%

-1.47%

Average Drawdown

Average peak-to-trough decline

-7.71%

-3.46%

-4.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.16%

2.27%

-1.11%

Volatility

PRA.TO vs. XUS.TO - Volatility Comparison

Purpose Diversified Real Asset Fund (PRA.TO) has a higher volatility of 3.79% compared to iShares Core S&P 500 Index ETF (XUS.TO) at 3.19%. This indicates that PRA.TO's price experiences larger fluctuations and is considered to be riskier than XUS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRA.TOXUS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

3.19%

+0.60%

Volatility (6M)

Calculated over the trailing 6-month period

9.45%

8.66%

+0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

12.40%

11.58%

+0.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.47%

14.92%

-1.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.41%

16.48%

-2.07%

Dividends

PRA.TO vs. XUS.TO - Dividend Comparison

PRA.TO's dividend yield for the trailing twelve months is around 2.09%, more than XUS.TO's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
PRA.TO
Purpose Diversified Real Asset Fund		2.09%3.23%2.95%3.12%1.93%1.25%1.52%1.57%1.77%1.55%1.64%2.09%
XUS.TO
iShares Core S&P 500 Index ETF		1.12%1.26%1.03%1.22%1.38%0.99%1.35%2.02%1.77%1.48%1.66%1.70%

Frequently Asked Questions

PRA.TO and XUS.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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